State subsidies help Cosco Shipping Holdings stay in the black
Chinese shipping giant posted a Yuan40.8m net profit in the first half of 2018 backed by Yuan188.2m state subsidies. Its liner shipping subsidiary recorded a net loss of Yuan210m
Box lifting increased 12.4% to 11.2m teu in the six months while average income per box on overseas trades decreased 9.1% to Yuan4,160
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